Dangote Loses $7.8 billion as Naira, stocks plunge

According to a report by Forbes, Dangote, Tony Elumelu and Jim Ovia lost a lot of money as a result of the devaluation of Naira. The Forbes report by Mfonobong Nsehe below...

A few weeks ago, the Governor of the Central Bank of Nigeria, Godwin Emefiele, announced a nearly 10% devaluation of the Naira, Nigeria�s currency, after admitting that a plunge in world oil prices and dwindling dollar